Underwriting

Tudor Gold Announces $10 Million Bought-Deal Private Placement Offering

Retrieved on:

Thursday, March 23, 2023

Exercise, Indian stock exchange, NOT, TSX Venture Exchange, Section 50C of the Isle of Man Income Tax Act 1970, FOR, Tax, Foreign Investment in Real Property Tax Act, Underwriting, Sale, Initial public offering, Offering, Charity, Income Tax Act, Common, Security (finance), Closing

VANCOUVER, British Columbia, March 23, 2023 (GLOBE NEWSWIRE) -- Tudor Gold Corp. (TSXV: TUD) (the “Company”) is pleased to announce that it has entered into an agreement with Research Capital Corporation, as the lead underwriter and sole bookrunner (the “Lead Underwriter”), on behalf of a syndicate of underwriters (collectively, the “Underwriters”), whereby the Underwriters will purchase, on a bought-deal basis, securities of the Company (the “Offered Securities”) for aggregate gross proceeds to the Company of approximately $10,000,000 (the “Offering”) in a combination of:

Key Points:

The Offered Securities to be issued under the Offering will be offered by way of private placement in each of the provinces of Canada.
The Offered Securities and securities underlying the Compensation Warrants (as defined herein) to be issued under the Offering will have a hold period of four months and one day from Closing.
The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S.
This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.

ESS Batteries Achieve Additional UL Safety Certification

Retrieved on:

Monday, March 20, 2023

ESS Tech Inc. (“ESS”) (NYSE:GWH), a leading manufacturer of flexible, sustainable and responsible long-duration energy storage systems for commercial and utility-scale applications, today announced certification of its S200 battery modules to the Underwriters Laboratories’ (UL) 1973 standard.

Key Points:

ESS Tech Inc. (“ESS”) (NYSE:GWH), a leading manufacturer of flexible, sustainable and responsible long-duration energy storage systems for commercial and utility-scale applications, today announced certification of its S200 battery modules to the Underwriters Laboratories’ (UL) 1973 standard.
S200 modules power the company’s Energy Warehouse and Energy Center product lines and certification to the UL 1973 standard demonstrates the company’s commitment to safety.
In 2022, ESS also achieved certification to the UL 9540A standard, demonstrating that ESS systems pose no risk of thermal runaway and making the company’s energy storage products a preferred choice for installation in regions prone to wildfires or adjacent to populated areas.
The safety and flexibility of ESS technology make it ideally suited for siting in densely populated areas where improved grid resilience is needed and safety is a top priority.

Integra Resources Announces Closing of C$35 Million Financing, Including Strategic Investment From Wheaton Precious Metals

Retrieved on:

Thursday, March 16, 2023

The Offering was conducted by Raymond James Ltd., BMO Capital Markets and Cormark Securities Inc. (collectively, the “Underwriters”).

Key Points:

The Offering was conducted by Raymond James Ltd., BMO Capital Markets and Cormark Securities Inc. (collectively, the “Underwriters”).
The gross proceeds from the Brokered Offering and the Non-Brokered Offering have been placed into escrow with TSX Trust Company (the “Subscription Receipt Agent”).
The Subscription Receipts, including the Integra Shares issuable upon conversion thereof, are subject to a statutory hold period expiring on July 17, 2023.
person” are as defined in Regulation S under the U.S. Securities Act.

Collective Mining Announces C$30 Million Bought Deal Financing

Retrieved on:

Wednesday, March 15, 2023

OTCQX, Sale, Indian stock exchange, Offering, Person, Underwriting, SEC Rule 144A, Exercise, Regulation, BMO Capital Markets, Regulation D, CNL, Security (finance)

TORONTO, March 15, 2023 (GLOBE NEWSWIRE) -- Collective Mining Ltd. (TSXV: CNL, OTCQX: CNLMF) (“Collective” or the “Company”) has announced today that it has entered into an agreement with BMO Capital Markets and Clarus Securities Inc., on behalf of a syndicate of underwriters (collectively, the “Underwriters”), pursuant to which the Underwriters have agreed to purchase, on “bought deal” basis, 7,060,000 common shares in the capital of the Company (the “Common Shares”), at a price of C$4.25 per Common Share for gross proceeds of approximately C$30 million (the “Offering”). The Company has granted the Underwriters an option (the “Over-allotment Option”), exercisable in whole or in part, to purchase up to an additional 1,059,000 Common Shares for a period of 30 days from and including the closing date of the Offering to cover over-allotments, if any, and for market stabilization purposes. The Underwriters shall be under no obligation whatsoever to exercise the Over-allotment Option in whole or in part. If the Over-allotment Option is exercised in full, the aggregate gross proceeds of the Offering will be approximately C$35 million. The offering is expected to close on or about March 22, 2023 and is subject to Collective receiving all necessary regulatory approvals.

Key Points:

The Underwriters shall be under no obligation whatsoever to exercise the Over-allotment Option in whole or in part.
If the Over-allotment Option is exercised in full, the aggregate gross proceeds of the Offering will be approximately C$35 million.
The offering is expected to close on or about March 22, 2023 and is subject to Collective receiving all necessary regulatory approvals.
persons” as defined by Regulation S under the United States Securities Act of 1933, as amended (the “U.S.

Reyna Silver Announces Successful Closing of C$3M Second Tranche of Over Subscribed Bought Deal Financing for a Total of C$8 Million

Retrieved on:

Thursday, February 23, 2023

News, National instrument, Warrant, NI, Canaccord Genuity, Part, Offering, Batopilas, Indian stock exchange, Bookrunner, Echelon, Workers' compensation (United States), Underwriting, FRA, Sale, Unit, Security (finance), Financial adviser

VANCOUVER, British Columbia and HONG KONG, Feb. 23, 2023 (GLOBE NEWSWIRE) -- Reyna Silver Corp. (TSXV: RSLV; OTCQB: RSNVF; FRA: 4ZC) (“Reyna” or the "Company") is pleased to announce the closing of the second tranche of its previously announced “bought deal” private placement (the “Offering”) of units for gross proceeds of C$3,011,916 (the “AI Tranche”). Under the AI Tranche, the Company sold 10,039,720 units of the Company (the "Units") at a price of C$0.30 per Unit. The Offering is being completed pursuant to an underwriting agreement dated February 13, 2023, as amended by an amending agreement dated February 21, 2023 (the “Underwriting Agreement”) with Eight Capital, as lead underwriter and bookrunner, and a syndicate of underwriters (collectively, the “Underwriters”).

Key Points:

Under the AI Tranche, the Company sold 10,039,720 units of the Company (the "Units") at a price of C$0.30 per Unit.
Each Compensation Unit is comprised of one common share of the Company and one common share purchase warrant (a “Compensation Warrant”).
"The proceeds of the raise enable Reyna Silver to move all three of our district-scale projects forward."
The Company closed the first tranche of the Offering on February 13, 2023 for gross proceeds of C$4,999,800 (the “LIFE Tranche”).

MAG Silver Closes C$23 Million Common Share Flow-Through Private Placement

Retrieved on:

Thursday, February 16, 2023

TSX, TD, Income Tax Act 1967, Private placement, Flow-through share, Underwriting, Private, Income Tax Act, Exercise, BMO Capital Markets, MAG, Security (finance)

VANCOUVER, British columbia, Feb. 16, 2023 (GLOBE NEWSWIRE) -- MAG Silver Corp. (TSX / NYSE American: MAG) (“MAG” or the “Company”) announced today that it has completed its previously announced bought deal private placement and has issued 969,450 common shares on a “flow-through basis” (as defined in the Income Tax Act (Canada)) (the “Flow-Through Shares”), including 126,450 Flow-Through Shares issued upon the full exercise of a 15% over-allotment option, at a price of C$23.75 per Flow-Through Share for aggregate gross proceeds of C$23,024,437.50 (the “Flow-Through Private Placement”).

Key Points:

VANCOUVER, British columbia, Feb. 16, 2023 (GLOBE NEWSWIRE) -- MAG Silver Corp. (TSX / NYSE American: MAG) (“MAG” or the “Company”) announced today that it has completed its previously announced bought deal private placement and has issued 969,450 common shares on a “flow-through basis” (as defined in the Income Tax Act (Canada)) (the “Flow-Through Shares”), including 126,450 Flow-Through Shares issued upon the full exercise of a 15% over-allotment option, at a price of C$23.75 per Flow-Through Share for aggregate gross proceeds of C$23,024,437.50 (the “Flow-Through Private Placement”).
The Company will have until December 31, 2024 to incur and renounce the Qualifying Expenditures using the proceeds of the Flow-Through Private Placement.
In connection with the Flow-Through Private Placement, the Underwriters received a commission equal to 5.0% of the gross proceeds of the Flow-Through Private Placement.
The Flow-Through Shares will be subject to a hold period expiring four months and one day from the date of issuance in accordance with applicable Canadian securities laws.

Reyna Silver Announces Closing of First Tranche of Bought Deal Financing for C$4.9 Million

Retrieved on:

Monday, February 13, 2023

TSX Venture Exchange, Bookrunner, NI, National instrument, Warrant, FRA, Batopilas, News, Sale, Underwriting, Workers' compensation (United States), Indian stock exchange, Offering, Part, Security (finance), Unit

VANCOUVER, British Columbia and HONG KONG, Feb. 13, 2023 (GLOBE NEWSWIRE) -- Reyna Silver Corp. (TSXV: RSLV; OTCQB: RSNVF; FRA: 4ZC) (“Reyna” or the "Company") is pleased to announce the closing of the first tranche of its previously announced “bought deal” private placement (the “Offering”) of units for gross proceeds of C$4,999,800 (the “LIFE Tranche”). Under the LIFE Tranche, the Company sold 16,666,000 units of the Company (the "Units") at a price of C$0.30 per Unit. The Offering is being completed pursuant to an underwriting agreement dated February 13, 2023 (the “Underwriting Agreement”) with Eight Capital, as lead underwriter and bookrunner, and a syndicate of underwriters (collectively, the “Underwriters”).

Key Points:

Under the LIFE Tranche, the Company sold 16,666,000 units of the Company (the "Units") at a price of C$0.30 per Unit.
Each Compensation Unit is comprised of one common share of the Company and one common share purchase warrant (a “Compensation Warrant”).
The expected closing date of the AI Tranche is on or about February 23, 2023.
On Behalf of the Board of Directors of Reyna Silver Corp.

Brunswick Exploration Announces C$5.0 Million Bought Deal Private Placement and Concurrent Non-Brokered Private Placement of C$2.0 Million

Retrieved on:

Monday, February 13, 2023

Cloud, TSX Venture Exchange, Legislation, Wainwright Securities Inc. v. Wall Street Transcript Corp., NI, National instrument, Offerings, Underwriting, Sale, Indian stock exchange, Broker-dealer, Part, Security (finance), Unit

MONTREAL, Feb. 13, 2023 (GLOBE NEWSWIRE) -- Brunswick Exploration Inc. (“BRW” or the “Company”) is pleased to announce that it has entered into an agreement with Red Cloud Securities Inc., as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters (collectively, the “Underwriters”), pursuant to which the Company has agreed to sell to the Underwriters 5,882,353 units of the Company (each, a “Unit”) at a price of C$0.85 per Unit (the “Offering Price”) for gross proceeds of C$5,000,000 (the “Underwritten Offering”).

Key Points:

Each Unit will consist of one common share of the Company (each, a “Common Share”) and one half of one common share purchase warrant (each whole warrant, a “Warrant”).
There is an offering document related to the Offering that can be accessed under the Company’s profile at www.sedar.com and on the Company’s website at www://brwexplo.ca.
The Brokered Offering is scheduled to close on or around March 9, 2023 and the Non-Brokered Offering is scheduled to close on or around March 24, 2023.
This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.

enCore Energy Closes C$34.5m Public Offering

Retrieved on:

Wednesday, February 8, 2023

CORPUS CHRISTI, Texas, Feb. 8, 2023 /PRNewswire/ - enCore Energy Corp. ("enCore" or the "Company") (NYSE American: EU) (TSXV: EU) today announces that it has closed its previously announced public offering (the "Offering") of units (the "Units") of the Company.

Key Points:

CORPUS CHRISTI, Texas, Feb. 8, 2023 /PRNewswire/ - enCore Energy Corp. ("enCore" or the "Company") (NYSE American: EU) (TSXV: EU) today announces that it has closed its previously announced public offering (the "Offering") of units (the "Units") of the Company.
The Offering remains subject to the final approval of the NYSE American and TSX Venture Exchange.
A registration statement on Form F-10 (including such Prospectus) (the "Registration Statement") has also been filed with the U.S. Securities and Exchange Commission (the "SEC") for the Offering.
The Prospectus and the Registration Statement contain important detailed information relating to the Company and the Offering.

Faraday Copper Announces Upsize to Previously Announced Bought Deal Financing to C$34.8 Million

Retrieved on:

Monday, February 6, 2023

Toronto Stock Exchange, Indian stock exchange, Upsizing (database), TSX, TD, Michael Faraday, Underwriting, News, Sale, Person, Offering, Stifel, Security (finance)

VANCOUVER, BC, Feb. 6, 2023 /CNW/ - Faraday Copper Corp. ("Faraday" or the "Company") (TSX: FDY) (OTCQX: CPPKF) is pleased to announce that in connection with the bought deal financing announced on February 2, 2023, the Company has entered into an amending agreement with Canaccord Genuity Corp. on behalf of a syndicate of underwriters that includes PI Financial Inc., TD Securities Inc. and Stifel GMP (collectively, the "Underwriters"), to increase the size of the previously announced bought deal financing from C$30.0 million to C$34.8 million consisting of 43,478,000 common shares of the Company (the "Common Shares") at a price of C$0.80 per Common Share (the "Upsized Offering").

Key Points:

VANCOUVER, BC, Feb. 6, 2023 /CNW/ - Faraday Copper Corp. ("Faraday" or the "Company") (TSX: FDY) (OTCQX: CPPKF) is pleased to announce that in connection with the bought deal financing announced on February 2, 2023, the Company has entered into an amending agreement with Canaccord Genuity Corp. on behalf of a syndicate of underwriters that includes PI Financial Inc., TD Securities Inc. and Stifel GMP (collectively, the "Underwriters"), to increase the size of the previously announced bought deal financing from C$30.0 million to C$34.8 million consisting of 43,478,000 common shares of the Company (the "Common Shares") at a price of C$0.80 per Common Share (the "Upsized Offering").
Fort Capital Partners acted as special advisor to the Company in relation to the bought deal financing and other strategic matters.
In the event that the Over-Allotment Option is fully exercised by the Underwriters, the gross proceeds from the Offering would be C$39,999,760.
The Common Shares will be issued by way of a prospectus supplement that will be filed in all provinces and territories of Canada, other than Quebec, under the Company's base shelf prospectus dated October 21, 2022.